michigan

Groundbreaking for Andy’s Place II Marks Major Milestone in Opioid Recovery Housing

Speakers at Andy's Place II groundbreaking with shovels

New Property to be Named The McDaniel Apartments in Honor of Mark McDaniel’s Commitment to Recovery Support  Local leaders, state officials, and community members gathered to break ground on Andy’s Place II, a groundbreaking expansion of Michigan’s first Permanent Recovery Supportive Housing (PRSH) initiative in Jackson. The new development will provide 26 affordable apartments and […]

Groundbreaking for Andy’s Place II Marks Major Milestone in Opioid Recovery Housing Read More »

Cinnaire Closes $175 Million Equity Fund 41 to Provide Housing in 4 Midwest States

Infographic with charts showing States' investments and audiences the housing will serve

Low-Income Housing Tax Credit fund will create or preserve more than 1200 affordable homes across the Midwest Cinnaire announced the closing of the Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor Low-Income Housing Tax Credit (Housing Credit) fund. The fund comprises 14 investors and will support the creation or preservation of 1,228 affordable

Cinnaire Closes $175 Million Equity Fund 41 to Provide Housing in 4 Midwest States Read More »

Residents spearhead community hub project focused on health equity in SE Grand Rapids

When the people have a voice in building and bettering their community, everybody wins. That is exactly what is going on in west Michigan as Cinnaire’s New Markets Tax Credit (NMTC) team recently closed on a multipurpose community hub project led and shaped by more than 250 engaged neighbors and stakeholders. The Boston Square Community

Residents spearhead community hub project focused on health equity in SE Grand Rapids Read More »

Cinnaire & Partners Invest in Tommy Car Wash Systems Expansion

New Markets Tax Credit Provides Investment to Support New Headquarters & Manufacturing Facility for Tommy Car Wash Systems  Tommy Car Wash Systems will expand its manufacturing capacity by constructing a new headquarters and manufacturing facility with $13 million in New Markets Tax Credit (NMTC) allocation. Cinnaire, in partnership with Michigan Community Capital (MCC), Huntington Bank,

Cinnaire & Partners Invest in Tommy Car Wash Systems Expansion Read More »

Federal Home Loan Bank of Chicago Awards Cinnaire $5.3 Million in Affordable Housing Program Funds

The Federal Home Loan Bank of Chicago (FHLBank Chicago) is granting $29.2 million through its Affordable Housing Program (AHP) General Fund to help finance 49 housing projects located primarily in Illinois and Wisconsin. These funds will support the acquisition, rehabilitation, and new construction of over 2,315 housing units. Cinnaire received a $5.3 million award to

Federal Home Loan Bank of Chicago Awards Cinnaire $5.3 Million in Affordable Housing Program Funds Read More »

Cinnaire Announces $175.7 Million Fund to Support Affordable Housing

Cinnaire has announced the closing of a $175.7 million Low Income Housing Tax Credit (LIHTC) fund that will finance the development or preservation of more than 1,648 affordable homes and 2,441 bedrooms in 5 states. Nine investors are participating in the fund, which is Cinnaire’s largest multi-investor equity fund since 2016. “Cinnaire’s new team leading

Cinnaire Announces $175.7 Million Fund to Support Affordable Housing Read More »

Cinnaire’s Permanent Recovery Supportive Housing Initiative Receives Affordable Housing Finance Readers’ Choice Award

The Affordable Housing Finance annual Readers’ Choice Awards honor and recognize outstanding affordable housing developments in ten categories. Projects are selected based on impact on a community, role in overall revitalization or social change, offering outstanding social services and addressing unique challenges. Cinnaire is pleased to announce Andy’s Place, in Jackson, MI, has received the

Cinnaire’s Permanent Recovery Supportive Housing Initiative Receives Affordable Housing Finance Readers’ Choice Award Read More »

Cinnaire Announces $60 Million New Markets Tax Credit Award From U.S. Treasury CDFI Fund

Student in kitchen of Mott's Culinary Arts Training Program

Award Will Spur Projects Focused on Education and Job Creation in Disinvested Communities The US Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $60 million New Markets Tax Credit (NMTC) Allocation. Since 2009, Cinnaire is an eight-time NMTC recipient with awards totaling more than $419 million. Cinnaire manages an

Cinnaire Announces $60 Million New Markets Tax Credit Award From U.S. Treasury CDFI Fund Read More »

Cinnaire Honored as Detroit Free Press Top Workplace

Cinnaire was recently selected as a Detroit Free Press Top Workplace 2018. The companies recognized in the Detroit Free Press Top Workplaces program were selected from the results of an employee survey. The Detroit Free Press partnered with Energage, an employee research and culture technology firm to determine the 2018 Top Workplaces, presented by the Better Business Bureau. “We

Cinnaire Honored as Detroit Free Press Top Workplace Read More »

Living Our Why: Luan Nguyen

As a hungry graduate armed with a finance degree from Grand Valley State University, I dove into the world of commercial credit, underwriting investment real estate as well as commercial and industrial loans. It was at a bank, and I learned a lot, but something was missing. Cinnaire was that missing piece.  I leveraged my experience

Living Our Why: Luan Nguyen Read More »

Scroll to Top